$APPS
Digital Turbine, Inc.

2014 Q4 Form 10-Q Financial Statement

#000156459014005838 Filed on November 14, 2014

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2013 Q3
Revenue $7.006M $5.462M $6.759M
YoY Change -0.38% -19.19% 641.12%
Cost Of Revenue $5.023M $3.661M $4.375M
YoY Change 0.88% -16.32% 1063.56%
Gross Profit $1.984M $1.801M $2.384M
YoY Change -3.41% -24.45% 344.78%
Gross Profit Margin 28.32% 32.97% 35.27%
Selling, General & Admin $5.656M $4.291M $3.829M
YoY Change 37.21% 12.07% 12.42%
% of Gross Profit 285.08% 238.26% 160.61%
Research & Development $1.718M $2.155M $2.407M
YoY Change -18.96% -10.47% 559.45%
% of Gross Profit 86.59% 119.66% 100.96%
Depreciation & Amortization $430.0K $370.0K $32.00K
YoY Change 1203.03% 1056.25% 3.23%
% of Gross Profit 21.67% 20.54% 1.34%
Operating Expenses $7.375M $6.446M $6.236M
YoY Change 18.15% 3.37% 65.37%
Operating Profit -$5.391M -$4.645M -$3.852M
YoY Change 28.72% 20.59% 19.07%
Interest Expense $40.00K -$130.0K -$980.0K
YoY Change -86.73% 88.46%
% of Operating Profit
Other Income/Expense, Net $22.00K -$129.0K -$780.0K
YoY Change -18.52% -83.46% 50.0%
Pretax Income -$5.371M -$4.774M -$4.632M
YoY Change 46.71% 3.07% 23.36%
Income Tax $110.0K $430.0K $90.00K
% Of Pretax Income
Net Earnings -$5.484M -$5.201M -$6.222M
YoY Change 31.32% -16.41% 64.82%
Net Earnings / Revenue -78.28% -95.22% -92.06%
Basic Earnings Per Share
Diluted Earnings Per Share -$145.0K -$135.5K -$246.5K
COMMON SHARES
Basic Shares Outstanding 37.80M 37.48M shares 20.51M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q4 2014 Q3 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $11.40M $16.70M $7.800M
YoY Change 142.55% 114.1% 151.61%
Cash & Equivalents $11.38M $16.72M $7.806M
Short-Term Investments
Other Short-Term Assets $700.0K $600.0K $600.0K
YoY Change 75.0% 0.0% 100.0%
Inventory
Prepaid Expenses
Receivables $5.500M $4.337M $5.815M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $17.60M $21.69M $14.29M
YoY Change 54.01% 51.72% 157.6%
LONG-TERM ASSETS
Property, Plant & Equipment $400.0K $422.0K $427.0K
YoY Change -12.85% -1.17% 34.7%
Goodwill $6.309M $4.770M
YoY Change 32.26% 5.14%
Intangibles $6.913M $10.61M
YoY Change -34.84% 105.96%
Long-Term Investments
YoY Change
Other Assets $0.00 $500.0K $400.0K
YoY Change -100.0% 25.0%
Total Long-Term Assets $15.70M $14.19M $16.22M
YoY Change -0.76% -12.55% 62.13%
TOTAL ASSETS
Total Short-Term Assets $17.60M $21.69M $14.29M
Total Long-Term Assets $15.70M $14.19M $16.22M
Total Assets $33.30M $35.87M $30.52M
YoY Change 22.21% 17.56% 96.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.800M $3.817M $5.596M
YoY Change -22.7% -31.79% 38.04%
Accrued Expenses $5.800M $2.373M $4.500M
YoY Change 18.37% -47.27% 164.71%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $10.00K
YoY Change -99.61%
Total Short-Term Liabilities $11.70M $10.04M $11.04M
YoY Change 8.86% -8.99% 17.04%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $200.0K
YoY Change -100.0% -100.0% -87.21%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $200.0K
YoY Change -100.0% -100.0% -87.21%
TOTAL LIABILITIES
Total Short-Term Liabilities $11.70M $10.04M $11.04M
Total Long-Term Liabilities $0.00 $0.00 $200.0K
Total Liabilities $11.70M $10.04M $11.27M
YoY Change 6.5% -10.91% -4.06%
SHAREHOLDERS EQUITY
Retained Earnings -$170.1M -$153.5M
YoY Change 10.82% 14.59%
Common Stock $7.000K $7.000K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $71.00K $71.00K
YoY Change 0.0% 0.0%
Treasury Stock Shares $754.6K 754.6K shares
Shareholders Equity $21.70M $25.83M $19.24M
YoY Change
Total Liabilities & Shareholders Equity $33.30M $35.87M $30.52M
YoY Change 22.21% 17.56% 96.19%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income -$5.484M -$5.201M -$6.222M
YoY Change 31.32% -16.41% 64.82%
Depreciation, Depletion And Amortization $430.0K $370.0K $32.00K
YoY Change 1203.03% 1056.25% 3.23%
Cash From Operating Activities -$3.230M -$2.340M -$2.300M
YoY Change 6.95% 1.74% 35.29%
INVESTING ACTIVITIES
Capital Expenditures $20.00K -$10.00K
YoY Change -300.0% 0.0%
Acquisitions
YoY Change
Other Investing Activities -$2.120M $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$2.120M $30.00K -$20.00K
YoY Change 6966.67% -250.0% -99.41%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 380.0K 8.570M
YoY Change -95.57%
NET CHANGE
Cash From Operating Activities -3.230M -2.340M -2.300M
Cash From Investing Activities -2.120M 30.00K -20.00K
Cash From Financing Activities 0.000 380.0K 8.570M
Net Change In Cash -5.350M -1.930M 6.250M
YoY Change 75.41% -130.88% -223.27%
FREE CASH FLOW
Cash From Operating Activities -$3.230M -$2.340M -$2.300M
Capital Expenditures $20.00K -$10.00K
Free Cash Flow -$2.360M -$2.290M
YoY Change 3.06% 35.5%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2014Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
900000
CY2014Q1 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
1000000
CY2014Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2014Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
dei Amendment Flag
AmendmentFlag
false
dei Document Period End Date
DocumentPeriodEndDate
2014-09-30
CY2014Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
4337000
CY2014Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
350000
CY2014Q3 us-gaap Assets Current
AssetsCurrent
21687000
CY2014Q1 us-gaap Assets Current
AssetsCurrent
27481000
CY2014Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
422000
CY2014Q3 us-gaap Assets
Assets
35872000
CY2014Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
3395000
CY2014Q1 us-gaap Deferred Tax Liabilities Current
DeferredTaxLiabilitiesCurrent
2987000
CY2014Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
708000
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2015
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Trading Symbol
TradingSymbol
MNDL
dei Entity Registrant Name
EntityRegistrantName
MANDALAY DIGITAL GROUP, INC.
dei Entity Central Index Key
EntityCentralIndexKey
0000317788
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--03-31
dei Document Type
DocumentType
10-Q
CY2014Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
349000
dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2014Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
37797221
CY2014Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
16715000
CY2014Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
21805000
CY2014Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
200000
CY2014Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
200000
CY2014Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
5102000
CY2014Q3 us-gaap Deposits Assets Current
DepositsAssetsCurrent
86000
CY2014Q1 us-gaap Deposits Assets Current
DepositsAssetsCurrent
24000
CY2014Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
465000
CY2014Q3 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
541000
CY2014Q3 us-gaap Treasury Stock Value
TreasuryStockValue
71000
CY2014Q1 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
3238000
CY2014Q3 us-gaap Common Stock Value
CommonStockValue
7000
CY2014Q1 us-gaap Common Stock Value
CommonStockValue
7000
CY2014Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
196040000
CY2014Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
193422000
CY2014Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
6913000
CY2014Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
9074000
CY2014Q3 us-gaap Goodwill
Goodwill
6309000
CY2014Q1 us-gaap Goodwill
Goodwill
4837000
CY2014Q1 us-gaap Assets
Assets
45095000
CY2014Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
3817000
CY2014Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
2943000
CY2014Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
2373000
CY2014Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2122000
CY2014Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1681000
CY2014Q3 us-gaap Deferred Tax Liabilities Current
DeferredTaxLiabilitiesCurrent
1024000
CY2014Q3 us-gaap Liabilities Current
LiabilitiesCurrent
10044000
CY2014Q1 us-gaap Liabilities Current
LiabilitiesCurrent
11906000
CY2014Q1 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
238000
CY2014Q3 us-gaap Liabilities
Liabilities
10044000
CY2014Q1 us-gaap Liabilities
Liabilities
12144000
CY2014Q3 us-gaap Preferred Stock Value
PreferredStockValue
100000
CY2014Q1 us-gaap Preferred Stock Value
PreferredStockValue
100000
CY2014Q1 us-gaap Treasury Stock Value
TreasuryStockValue
71000
CY2014Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-129000
CY2014Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-199000
CY2014Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-170119000
CY2014Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-160308000
CY2014Q3 us-gaap Stockholders Equity
StockholdersEquity
25828000
CY2014Q1 us-gaap Stockholders Equity
StockholdersEquity
32951000
CY2014Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
35872000
CY2014Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
45095000
CY2014Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
0
CY2014Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
0
CY2014Q3 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
0
CY2014Q1 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
762000
CY2014Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2014Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2014Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
200000
CY2014Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
200000
CY2014Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
100000
CY2014Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
100000
CY2014Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
100000
CY2014Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
100000
CY2014Q3 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
1000000
us-gaap Cost Of Revenue
CostOfRevenue
7492000
CY2014Q3 us-gaap Gross Profit
GrossProfit
1801000
CY2013Q3 us-gaap Gross Profit
GrossProfit
2384000
us-gaap Cost Of Revenue
CostOfRevenue
7801000
CY2014Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000
CY2014Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
38538403
CY2014Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
37783804
CY2014Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
37388429
CY2014Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
754600
CY2014Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
754600
CY2014Q3 us-gaap Revenues
Revenues
5462000
CY2013Q3 us-gaap Revenues
Revenues
6759000
us-gaap Revenues
Revenues
11016000
us-gaap Revenues
Revenues
11543000
CY2013Q3 us-gaap License Costs
LicenseCosts
3919000
us-gaap License Costs
LicenseCosts
7112000
us-gaap License Costs
LicenseCosts
6633000
CY2014Q3 us-gaap Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
345000
CY2013Q3 us-gaap Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
456000
us-gaap Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
689000
us-gaap Gross Profit
GrossProfit
3215000
us-gaap Gross Profit
GrossProfit
4051000
CY2014Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
2155000
CY2013Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
2407000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
4114000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
3995000
CY2014Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
743000
CY2013Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
536000
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
1504000
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
909000
CY2014Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3548000
CY2013Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3293000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6922000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
7092000
CY2014Q3 us-gaap Operating Expenses
OperatingExpenses
6446000
CY2013Q3 us-gaap Operating Expenses
OperatingExpenses
6236000
us-gaap Operating Expenses
OperatingExpenses
12540000
us-gaap Operating Expenses
OperatingExpenses
11996000
CY2014Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-4645000
CY2013Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-3852000
us-gaap Operating Income Loss
OperatingIncomeLoss
-9325000
us-gaap Operating Income Loss
OperatingIncomeLoss
-7945000
CY2014Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-131000
CY2013Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-194000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-128000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-1633000
CY2014Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-1000
CY2013Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
27000
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-7000
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
56000
CY2013Q3 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-811000
CY2013Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-780000
CY2013Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-4632000
CY2014Q3 us-gaap Income Tax Expense Benefit Continuing Operations Discontinued Operations Extraordinary Items
IncomeTaxExpenseBenefitContinuingOperationsDiscontinuedOperationsExtraordinaryItems
427000
CY2013Q3 us-gaap Income Tax Expense Benefit Continuing Operations Discontinued Operations Extraordinary Items
IncomeTaxExpenseBenefitContinuingOperationsDiscontinuedOperationsExtraordinaryItems
85000
CY2014Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-5201000
CY2013Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-4717000
CY2014Q3 us-gaap Net Income Loss
NetIncomeLoss
-5201000
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
-6222000
CY2014Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
32000
CY2013Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
333000
CY2014Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-5169000
CY2013Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-5889000
CY2014Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.14
CY2014Q3 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.14
CY2013Q3 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.19
CY2014Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
37504000
CY2013Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
25232000
CY2014Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
12000
CY2014Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000
CY2014Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
38143028
CY2014Q3 us-gaap License Costs
LicenseCosts
3316000
us-gaap Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
859000
CY2014Q3 us-gaap Cost Of Revenue
CostOfRevenue
3661000
CY2013Q3 us-gaap Cost Of Revenue
CostOfRevenue
4375000
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-811000
CY2013Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-442000
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-442000
CY2013Q3 mndl Gains Losses On Settlement And Conversion Of Debt
GainsLossesOnSettlementAndConversionOfDebt
33000
mndl Gains Losses On Settlement And Conversion Of Debt
GainsLossesOnSettlementAndConversionOfDebt
-10000
mndl Gains Losses On Settlement And Conversion Of Debt
GainsLossesOnSettlementAndConversionOfDebt
33000
CY2013Q3 us-gaap Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
4000
us-gaap Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
2000
us-gaap Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
2000
CY2013Q3 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
-603000
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
-603000
CY2014Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-129000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-131000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-2192000
CY2014Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-4774000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-9456000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-10137000
us-gaap Income Tax Expense Benefit Continuing Operations Discontinued Operations Extraordinary Items
IncomeTaxExpenseBenefitContinuingOperationsDiscontinuedOperationsExtraordinaryItems
355000
us-gaap Income Tax Expense Benefit Continuing Operations Discontinued Operations Extraordinary Items
IncomeTaxExpenseBenefitContinuingOperationsDiscontinuedOperationsExtraordinaryItems
2000
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-9811000
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-10139000
CY2013Q3 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
-1505000
us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
-1769000
us-gaap Net Income Loss
NetIncomeLoss
-9811000
us-gaap Net Income Loss
NetIncomeLoss
-11908000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
70000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
438000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-9741000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-11470000
CY2013Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.25
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.26
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.53
us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.26
us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.45
CY2013Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
-0.06
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
-0.08
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
37464000
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
22636000
CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
-4610000
CY2014Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
38000
CY2014Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
100000
CY2014Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
718000
CY2014Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
76000
CY2014Q2 us-gaap Stock Issued During Period Value Issued For Noncash Considerations
StockIssuedDuringPeriodValueIssuedForNoncashConsiderations
188000
CY2014Q2 us-gaap Stockholders Equity
StockholdersEquity
29461000
CY2014Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
100000
CY2014Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
889000
CY2014Q3 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
172000
CY2014Q3 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
375000
us-gaap Discontinued Operation Provision For Loss Gain On Disposal Net Of Tax
DiscontinuedOperationProvisionForLossGainOnDisposalNetOfTax
1653000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
737000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
1037000
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
186000
mndl Interest Accretion Expense
InterestAccretionExpense
36000
mndl Adjustment Other Charges
AdjustmentOtherCharges
1869000
us-gaap Share Based Compensation
ShareBasedCompensation
1807000
us-gaap Share Based Compensation
ShareBasedCompensation
410000
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
248000
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
1803000
us-gaap Adjustment Of Warrants Granted For Services
AdjustmentOfWarrantsGrantedForServices
406000
us-gaap Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
811000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-764000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1011000
us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
62000
us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
-515000
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-2697000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-142000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
875000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
418000
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-1022000
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
2607000
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
442000
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
151000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-2155000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-2415000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-5479000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3893000
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
6000
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
31000
us-gaap Proceeds From Previous Acquisition
ProceedsFromPreviousAcquisition
11000
us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
1287000
us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
513000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
5000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-805000
us-gaap Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
-3657000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
14924000
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
375000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
375000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
11267000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
9000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
88000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-5090000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
6657000
CY2013Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1149000
CY2013Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
7806000
us-gaap Income Taxes Paid
IncomeTaxesPaid
0
us-gaap Income Taxes Paid
IncomeTaxesPaid
0
mndl Contingent Consideration For Acquisition
ContingentConsiderationForAcquisition
238000
us-gaap Stock Issued1
StockIssued1
4449000
us-gaap Nature Of Operations
NatureOfOperations
<div> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:2.27%;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">1. Organization </p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Mandalay Digital Group, Inc. (&#8220;we&#8221;, &#8220;us&#8221;, &#8220;our&#8221;, the &#8220;Company&#8221; or &#8220;Mandalay Digital&#8221;), formerly NeuMedia, Inc. (&#8220;NeuMedia&#8221;), formerly Mandalay Media, Inc. (&#8220;Mandalay Media&#8221;) and formerly Mediavest, Inc. (&#8220;Mediavest&#8221;), through its wholly-owned subsidiary, Digital Turbine USA, Inc. (&#8220;DT USA&#8221;), provides end to end mobile content solutions for wireless carriers and OEMs globally to enable them to better monetize their subscribers. The Company&#8217;s products include mobile application management through DT Ignite, user experience and discovery through DT IQ, application stores and content through DT Content and mobile payments through DT Pay. With global headquarters in Los Angeles, and offices throughout the U.S., Asia Pacific and EMEA, Mandalay Digital&#8217;s solutions are available worldwide. </p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company was originally incorporated in the State of Delaware on November&#160;6, 1998 under the name eB2B Commerce, Inc. On April&#160;27, 2000, it merged into DynamicWeb Enterprises Inc., a New Jersey corporation. On April&#160;13, 2005, the Company changed its name to Mediavest, Inc.&#160;Through January&#160;26, 2005, the Company and its former subsidiaries were engaged in providing business-to-business transaction management services designed to simplify trading between buyers and suppliers. The Company was inactive from January&#160;26, 2005 until its merger with Twistbox Entertainment, Inc., on February&#160;12, 2008. On September&#160;14, 2007, Mediavest was re-incorporated in the State of Delaware. On November&#160;7, 2007 the Company changed its name to Mandalay Media, Inc. On May&#160;11, 2010, the Company merged with a wholly-owned, newly formed subsidiary, changing its name to NeuMedia, Inc. On February&#160;6, 2012, the Company merged with a wholly-owned, newly formed subsidiary, changing its name to Mandalay Digital Group, Inc. </p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On October&#160;23, 2008, the Company completed an acquisition of 100% of the issued and outstanding share capital of AMV Holding Limited, a United Kingdom private limited company (&#8220;AMV&#8221;), and 80% of the issued and outstanding share capital of Fierce Media Ltd (&#8220;Fierce&#8221;). </p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On May&#160;10, 2010, an administrator was appointed over AMV in the UK, at the request of the Company&#8217;s senior debt holder. As from that date, AMV and its subsidiaries&#160;were considered to be a discontinued operation. AMV and its subsidiaries were subsequently disposed. </p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On May&#160;11, 2010, Mandalay Media merged into NeuMedia, with NeuMedia as the surviving corporation. </p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On December&#160;28, 2011 the Company entered into a Share Purchase Agreement to acquire the assets of Digital Turbine LLC through its newly formed wholly owned subsidiary, Digital Turbine, Inc. The Company purchased the Digital Turbine LLC assets with 10,000 shares of common stock of the Company, with a fair value of $30,500 on the date of grant. On September 19, 2014, the Company changed the name of Digital Turbine, Inc. to Digital Turbine USA, Inc.</p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On July&#160;27, 2012, the Company formed a wholly-owned Israeli acquisition/holding company, Digital Turbine (EMEA) Ltd. (&#8220;DT EMEA&#8221;) (formerly M.D.G. Logia Holdings LTD). </p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On August&#160;15, 2012, the Company amended its charter with the state of Delaware to increase the total number of shares of common stock of the Company to 200,000,000 and the total number of shares of preferred stock of the Company to 2,000,000. </p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On September&#160;13, 2012, the Company completed an acquisition of 100% of the issued and outstanding share capital of three operating subsidiaries of Logia Group Ltd (&#8220;Sellers&#8221;) (Logia Content Development and Management Ltd. (&#8220;Logia Content&#8221;), Volas Entertainment Ltd. (&#8220;Volas&#8221;) and Mail Bit Logia (2008)&#160;Ltd. (&#8220;Mail Bit&#8221;), (collectively, the &#8220;Targets&#8221;). In addition, the Company, by assignment to the acquisition entity, Digital Turbine (EMEA) Ltd (&#8220;DT EMEA&#8221;) acquired the assets of LogiaDeck Ltd (an affiliate of the Seller, &#8220;LogiaDeck&#8221;), comprised of the &#8220;LogiaDeck&#8221; software, which the Company has rebranded &#8220;DT Ignite&#8221;, and certain operator and other contracts related to the business of the Targets that were originally entered into by the Sellers. Pursuant to the Logia purchase agreement, the Company purchased 23% of the outstanding shares of the Targets and DT EMEA purchased 77% of such shares. On November&#160;7, 2012, the Company contributed all of its shares of the Targets to DT EMEA pursuant to a Contribution Agreement among the Company, DT USA and DT EMEA. The acquired business of the Targets and DT Ignite are collectively referred to as &#8220;DT EMEA&#8221; in this Quarterly Report on Form 10-Q. </p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On March&#160;28, 2013 and April&#160;9, 2013, the Company filed a Certificate of Amendment and Certificate of Correction of Certificate of Amendment of its Certificate of Incorporation (the &#8220;Certificate of Amendment&#8221;), with the Secretary of State of the State of Delaware, to effect a 1-for-5 reverse stock split of the Company&#8217;s common stock (the &#8220;Reverse Stock Split&#8221;). The Certificate of Amendment, as corrected, became effective as of April&#160;12, 2013. </p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">As a result of the Reverse Stock Split, every five (5)&#160;shares of our pre-Reverse Stock Split common stock were combined and reclassified into one (1)&#160;share of our common stock. Our post-Reverse Stock Split common stock began trading on April&#160;15, 2013 with a new CUSIP number of 562562-207. The Reverse Stock Split did not change the authorized number of shares or the par value of our common stock. </p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On April&#160;12, 2013, the Company, through its indirect, wholly owned subsidiary organized under the laws of Australia, Digital Turbine Group Pty Ltd (&#8220;DT APAC&#8221;), acquired all of the issued and outstanding stock of Mirror Image International Holdings Pty Ltd (&#8220;MIAH&#8221;). MIAH owns direct or indirect subsidiaries Mirror Image Access (Australia) Pty Ltd (MIA), MIA Technology Australia Pty Ltd (MIATA) and MIA Technology IP Pty Ltd (together with the MIAH, the &#8220;MIA Group&#8221;). The acquired business of the MIA Group is referred to as &#8220;DT APAC&#8221; in this Quarterly Report on Form 10-Q. </p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On February&#160;13, 2014, the Company sold 100% of the issued and outstanding share capital of Twistbox. </p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On March&#160;17, 2014, the Company created a new entity in Singapore named Digital Turbine Singapore Pte. Ltd. (&#8220;DT Singapore&#8221;). </p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On October&#160;8, 2014, the Company created a new entity in Luxembourg named Digital Turbine Luxembourg S.a r.l. (&#8220;DT Luxembourg&#8221;).&nbsp;&nbsp;On October 9, 2014, DT Luxembourg, acquired certain intellectual property assets of Xyologic Mobile Analysis, GmbH, registered with the district court for Berlin Charlottenberg, Germany ("XYO"), related to mobile application (&#8220;app&#8221;) recommendation, search and discovery. In addition, DT Luxembourg acquired certain other assets of XYO related to its relationships with carriers.&nbsp;&nbsp;The aggregate purchase price was US $2,500,000, paid in cash, subject to a twelve (12) month holdback of US $375,000, which acts as partial security for indemnities related to certain representations and warranties made by XYO and the Founders to DT Luxembourg in the Asset Purchase Agreement.</p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On October&#160;13, 2014, the Company created a new entity in Germany named Digital Turbine Germany GmbH. (&#8220;DT Germany&#8221;). </p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9pt;">&nbsp;</p></div>
us-gaap Revenue Recognition Software
RevenueRecognitionSoftware
<div> <p style="margin-bottom:0pt;margin-top:18pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Revenue Recognition </p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company&#8217;s revenues are derived primarily from transactions with the carriers&#8217; customers (end users).&nbsp;&nbsp;The Company shares revenue&#8217;s from the end user with the carrier.&nbsp;&nbsp;The end user transactions are processed by the Company&#8217;s software services which are as follows: processing of content purchases through the use of our billing software (&#8220;DT Pay&#8221;), use or hosting of application management services (&#8220;DT Ignite&#8221;), managed services (&#8220;DT Content&#8221;), and cross-platform content management, recommendation, and search functionality (&#8220;DT IQ&#8221;). The Company&#8217;s products are sold mainly to wireless carriers. The licensed software enables the wireless carriers to market and deliver content and mobile applications to end users. The Company bills the wireless carrier based on monthly transactional reporting and other fees earned upon delivery of the product to the wireless carrier. </p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company utilizes its reporting system to capture and recognize revenue to carriers.&nbsp;&nbsp;Determination of the appropriate amount of revenue recognized is based on the Company&#8217;s reporting system, but it is possible that actual results may differ from the Company&#8217;s estimates once the reports are reconciled with the customer. When the Company receives the final carrier reports, to the extent not received within a reasonable time frame following the end of each month, the Company records any differences between estimated revenues and actual revenues in the reporting period when the Company determines the actual amounts. Revenues earned from certain carriers may not be reasonably estimated. To monitor the reliability of the Company&#8217;s estimates, management, where possible, reviews the revenues by country, by carrier and by product line on a regular basis to identify unusual trends such the introduction of new handsets. If the Company deems a carrier not to be creditworthy, the Company defers all revenues from the arrangement until the Company receives payment and all other revenue recognition criteria have been met. </p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In accordance with FASB ASC 605-45, <font style="font-style:italic;">Reporting Revenue Gross as a Principal Versus Net as an Agent</font>, the Company recognizes as revenues the amount the carrier reports as payable upon the sale of the Company&#8217;s products, images or games. The Company has evaluated its carrier agreements and has determined that it is the principal when selling its products, images or games through carriers. Key indicators that it evaluated to reach this determination include: </p> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:97.73%;margin-left:2.27%;"> <tr> <td valign="top" style="width:2.27%;white-space:nowrap"> <p style="margin-bottom:0pt;margin-top:6pt;font-family:'Symbol';font-size:10pt;">&#183;</p></td> <td valign="top" style="width:97.73%;"> <p style="margin-bottom:0pt;margin-top:6pt;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">end users subscribe directly with the carriers, but the Company is responsible for providing the service and first level customer support including all interaction with regard to content delivery issues and are generally viewed as the primary obligor of the content by the subscribers; </p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:97.73%;margin-left:2.27%;"> <tr> <td valign="top" style="width:2.27%;white-space:nowrap"> <p style="margin-bottom:0pt;margin-top:6pt;font-family:'Symbol';font-size:10pt;">&#183;</p></td> <td valign="top" style="width:97.73%;"> <p style="margin-bottom:0pt;margin-top:6pt;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">carriers generally have control over the types of content that they offer to their subscribers, but the Company has the supplier relationships, manages all services offered and determines the actual offerings; </p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:97.73%;margin-left:2.27%;"> <tr> <td valign="top" style="width:2.27%;white-space:nowrap"> <p style="margin-bottom:0pt;margin-top:6pt;font-family:'Symbol';font-size:10pt;">&#183;</p></td> <td valign="top" style="width:97.73%;"> <p style="margin-bottom:0pt;margin-top:6pt;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">the Company has the credit risk, while carriers are directly responsible for billing and collecting fees from their subscribers. Customer refunds, bad debt allowances for uncollectible fees, and customer service fees are directly charged back to the Company; </p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:97.73%;margin-left:2.27%;"> <tr> <td valign="top" style="width:2.27%;white-space:nowrap"> <p style="margin-bottom:0pt;margin-top:6pt;;font-family:'Symbol';font-size:10pt;">&#183;</p></td> <td valign="top" style="width:97.73%;"> <p style="margin-bottom:0pt;margin-top:6pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">the Company has compliance risks, as it is required to be compliant with the carrier&#8217;s guidelines, policies and codes of conduct and the regulation applicable to mobile services. This includes requirements related to the supply of mobile premium services, such as the collection, storage and handling of personal information.</p></td></tr></table></div> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In addition to its share of revenues from end users, the Company may receive fees from the carriers relating to the initial set-up of the arrangements with the carriers. Set-up activities may include customization and future updates of the Ignite application. The Company has determined that certain set-up activities are within the scope of <font style="font-style:italic;">FASB ASC 985-605, Software Revenue Recognition </font>and, accordingly, the Company applies the provisions of ASC 985-605 to the software components. As a result, the Company typically defers recognition of the set-up fee until all elements of the arrangement have been delivered. In those instances where the set-up fee covers ongoing support and maintenance, the fee is deferred and amortized over the term of the carrier agreement.</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p></div>
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div> <p style="margin-bottom:0pt;margin-top:18pt;line-height:11pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Concentrations of Credit Risk </p> <p style="margin-bottom:0pt;margin-top:6pt;line-height:11pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Financial instruments which potentially subject us to concentration of credit risk consist principally of cash and cash equivalents, and accounts receivable. We have placed cash and cash equivalents at high credit-quality institutions. Most of our sales are made directly to large national mobile phone carriers in the countries that we operate. We have a significant level of business and resulting significant accounts receivable balance with one operator and therefore have a high concentration of credit risk with that operator. We perform ongoing credit evaluations of our customers and maintain an allowance for potential credit losses. As of September&#160;30, 2014, three major customers represented approximately 41.3%, 12.7% and 11.5% of our gross accounts receivable outstanding, and 49.1%, 13.4% and 7.3% of our gross accounts receivable outstanding as of March&#160;31, 2014, respectively. These three customers accounted for 58.5%, 14.9% and 3.5% of our gross revenues during the six month period ended September&#160;30, 2014 and 38.5%, 25.5% and 3.9% of our gross revenues during the six month period ended September&#160;30, 2013. </p></div>
us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="margin-bottom:0pt;margin-top:18pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Use of Estimates </p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent asset and liabilities at the date of the financial statements and reported amounts of revenue and expenses during the period. Actual results could differ from those estimates. The most significant estimates relate to revenues for periods not yet reported by carriers, accounts receivable allowances, and stock-based compensation expense. </p></div>
CY2014Q3 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
293000
CY2012Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000
CY2012Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2000000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1277470
us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
On March 28, 2013 and April 9, 2013, the Company filed a Certificate of Amendment and Certificate of Correction of Certificate of Amendment of its Certificate of Incorporation (the “Certificate of Amendment”), with the Secretary of State of the State of Delaware, to effect a 1-for-5 reverse stock split of the Company’s common stock (the “Reverse Stock Split”). The Certificate of Amendment, as corrected, became effective as of April 12, 2013.
us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
0.2
CY2014 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
33300000
CY2014Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1676071
CY2013Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1717450
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1847304
CY2014 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2014 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
154000
CY2014Q3 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
0
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
0
CY2014Q3 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
3388753
CY2014Q3 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
489448
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2038000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
926000
CY2013Q1 us-gaap Goodwill
Goodwill
3588000
CY2014 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
1182000
CY2014 us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
142000
CY2014 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
209000
CY2014Q2 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
1472000
CY2014Q2 us-gaap Goodwill
Goodwill
6309000
CY2014Q3 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2014Q3 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
9626000
CY2014Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2713000
CY2014Q1 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
11098000
CY2014Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2024000
CY2014Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1377000
CY2014Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1376000
CY2014Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1363000
CY2014Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
860000
CY2014Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
460000
CY2014Q3 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
1477000
CY2013Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
4757000
CY2014 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
6826000
CY2014 us-gaap Indefinite Lived Intangible Assets Written Off Related To Sale Of Business Unit
IndefiniteLivedIntangibleAssetsWrittenOffRelatedToSaleOfBusinessUnit
586000
CY2014 us-gaap Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
1769000
CY2014Q2 us-gaap Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
689000
CY2014Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
6913000
CY2014 us-gaap Business Combination Consideration Transferred Liabilities Incurred
BusinessCombinationConsiderationTransferredLiabilitiesIncurred
1000000
CY2014Q2 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
60000
CY2014Q2 us-gaap Business Acquisition Share Price
BusinessAcquisitionSharePrice
4.00
CY2014Q3 mndl Escrow Deposit Of Common Stock
EscrowDepositOfCommonStock
50000
CY2014Q3 us-gaap Preferred Stock Liquidation Preference
PreferredStockLiquidationPreference
10
us-gaap Preferred Stock Contract Terms
PreferredStockContractTerms
The Series A holders are entitled to: (1) vote on an equal per share basis as common stock, (2) dividends paid to the common stock holders on an as if-converted basis and (3) a liquidation preference equal to the greater of $10 per share of Series A (subject to adjustment) or such amount that would have been paid to the common stock holders on an as if-converted basis.
CY2014Q3 mndl Stock Issued During Period Shares Common Stock Warrants Exercised
StockIssuedDuringPeriodSharesCommonStockWarrantsExercised
300000
CY2014Q3 mndl Warrants Exercised
WarrantsExercised
300000
CY2014 mndl Compensation Expense Related Restricted Shares
CompensationExpenseRelatedRestrictedShares
5784000
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2014Q3 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
297000
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
244000
CY2014Q3 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
270000
CY2014Q3 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
300000
CY2014Q3 us-gaap Other Commitment Due In Next Twelve Months
OtherCommitmentDueInNextTwelveMonths
1300000
CY2014Q3 us-gaap Other Commitment Due In Second Year
OtherCommitmentDueInSecondYear
750000
CY2014Q3 us-gaap Other Commitment
OtherCommitment
2050000
CY2014Q3 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
300000
CY2014Q3 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
900000
CY2014Q3 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
2360000
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
296000
CY2013Q2 us-gaap Bankruptcy Claims Amount Of Claims Filed
BankruptcyClaimsAmountOfClaimsFiled
19200000
CY2013Q2 us-gaap Bankruptcy Claims Amount Of Claims Filed
BankruptcyClaimsAmountOfClaimsFiled
5300000

Files In Submission

Name View Source Status
0001564590-14-005838-index-headers.html Edgar Link pending
0001564590-14-005838-index.html Edgar Link pending
0001564590-14-005838.txt Edgar Link pending
0001564590-14-005838-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
mndl-10q_20140930.htm Edgar Link pending
mndl-20140930.xml Edgar Link completed
mndl-20140930.xsd Edgar Link pending
mndl-20140930_cal.xml Edgar Link unprocessable
mndl-20140930_def.xml Edgar Link unprocessable
mndl-20140930_lab.xml Edgar Link unprocessable
mndl-20140930_pre.xml Edgar Link unprocessable
mndl-ex311_2014093082.htm Edgar Link pending
mndl-ex312_2014093083.htm Edgar Link pending
mndl-ex321_2014093084.htm Edgar Link pending
mndl-ex322_2014093085.htm Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending